Press Release from PM’s Office: 07/008/19
It has come to my knowledge that a purported press release from my office on request for China based financing facilities to refinance heavy and expensive debts up to K27billion the O’Neill led government has racked up.
Whilst it is our new government’s intention to refinance bad and expensive loans secured by the previous Government, we will not be reckless to add burden to our country. We are in discussion with many of our bilateral partners to access very low cost concession finance to give us some breathing space and this includes our discussions with World Bank, ADB and some other possible non traditional partners.
Our relationship in the world is just not about China or neither the West including Australia. We have a country to run and our national interest will take precedence with numbers, rates, and statistics influencing my Government’s decisions including the best terms for loan refinancing if need be, but at the moment we as whole of government have not approved this pathway yet, and some one has run ahead to the media without my consent or knowledge.
In the meantime I have asked our Treasurer Hon Sam Basil to get his Department to do a profiling on all loans currently running to ascertain their performance to the economy as well as I have put stop to more borrowings and loans until we are satisfied that the project cost benefit analysis establishes return on the loans that we might secure.
My government will be responsible, we will not go down the easy path of resorting to loans but working strategically to invest in growing the economy through policy and legislations that embraces incentives and structural reforms as ways of anchoring our country for positive rebound. This also will include cutting away wastage in our budgets.
“So it is misreporting and false that Iam going one way to China with request for K27billion loan, we rather discuss trade with them then continual or further loan.
No more unnecessary loans except to refinance our expensive loans and for key enabling Economic infrastructures in regional economies.
For instance I have put stop to a loan volume of about K1billion on few non significant projects of last government, including a Port Moresby based water supply project to be sourced from China Exim.” Prime Minister James Marape says to clear some fake news being circulated.
#PMJM16 #Hulukumaiya #PapuaNewGuinea
MARAPE SET ON DESTROYING THE POLITICAL PARTY SYSTEM IN THE COUNTRY. SUPREME COURT REFERENCE WILL NOT BE WITHDRAWN | Press Release by Belden Nama.
I Support Sam Koim’s Appointment, Said Hon. Allan Bird.
The Independent State of Papua New Guinea Does Not Need Incompetent Ministers | By Allan Bird.
POLICE ASSOCIATION LABELS KRAMER IGNORANT…??? | By Bryan Kramer.
Marape Vs Pruaitch in High Court – Hearing Set for September 20.
Three Hercules Planeloads of Kopassus Troops were Sent to Quell the Unrest in West Papua | By Gary Juffa.
Lupari Costs PNG $1.5 Billion in Budget Support from Australia
LEAD AUSTRALIAN MANUS SERVICE-PROVIDER’S CONTRACT TERMINATED | FM100 News.
MANNING, NEW ACTING COMMISSIONER FOR POLICE | by Bryan Kramer.
Huge Responsibilities for New PNG Minister for Treasury, Ian Ling Stuckey.
The Decommissioning of Hon. Richard Maru as a Minister of State Announced After Careful Consideration, Said Marape.
NAMAH CHALLENGED PM JAMES MARAPE TO ACCOUNT FOR 100 DAYS IN OFFICE | By PNG Breaking News.
Rai Coast MP Calls for closure of PNG’s Ramu Nickel Mine.
BLACKLOCK RESIGNS AS ACTING CEO FOR PNG POWER
OPPOSITION LEADER PATRICK PRUAITCH SHOULD RELINQUISH LEADERSHIP TO O’NEILL | By Don Pomb Polye.
MARAPE IS TAKING PNG BACKWARDS | Media Statement By O’Neil.
MARAPE ANNOUNCES O’NEILL KICKED OUT OF GOVT AND WILL JOIN PRUAITCH IN OPPOSITION | By Kramer
Review of Papua LNG Underway, Says Kua.
New PGK100 Bill To Bear The Face Of Sir Julius Chan is In Order and Not to be Debated | By Don Polye
The National Day of Repentance | Papua New Guinea.
New PGK100 Bill to Bear the Face of Sir Julius Chan.
KOIARI LANDOWERS HOLD OFF SHUTTING DOWN POWER & WATER TO PORT MORESBY | By Bryan Kramer.
K340M EU Grant For East and West Sepik Finally Launched.
HELA SIGN MOU WITH RPNGC | By Bryan Kramer
MEDIA STATEMENT BY FORMER PRIME MINISTER HON. PETER O’NEILL, CMG, MP
Leaders are Urged to Work together Instead of Wasting Country’s Time by Going to Court.
OPPOSITION LEADER CHALLENGES MARAPE’S ELECTION | By Bryan Kramer.
The Independent State of Papua New Guinea to Re-Negotiates PAPUA LNG AGREEMENT.
Armed Robbery Suspect Shot and Apprehended in Lae, Papua New Guinea.
TAX EVADERS WILL BE CRIMINALLY PROSECUTED – Said KOIM
The Prime Minister’s Media Statements Be More Mature, Rational and Less Discriminatory | By Don Pomb Polye
SAM KOIM TO HEAD IRC | NBC News – Cashmir Waken
IS PNC CONTROLLING MARAPE STEVEN GOVT? | By Bryan Kramer
POOR STATE OF POLICING A CONCERN | By Bryan Kramer
Kramer Excused NEC For LLG President Election
Gamato Disputes PM Approval of Low Cost LLG Election Funding of K30m
PRESS RELEASE FROM PRIME MINISTER’S OFFICE | Papua New Guinea
NATIONAL PROCUREMENT COMMISSION ENDS CONTRACT WORTH K40,400 PER MONTH
PNG Police Minister, Bryan Kramer to Seek Assistance from Ausie.
Minister For Police, Hon. Bryan Kramer Under Search Warrent Over His Facebook Account.
Why I Took the Job – By Bryan Kramer.
Reports Of Planned Arrest – By Bryan Kramer.
Massacre of Innocent Women and Children in Tribal Conflict in Papua New Guinea